“How To Decide if a Rental PropertyYou Want To Buy Will Be a Winner” To get my complete, FREE articlewith all the details… Thinking of buying a rental property? Then the first question you have to ask yourself is will buying this property be profitable? Well, I can help you answer this question by providing you with my new FREE Analyzer. It will show you … [Read more...]
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NFTs and Taxes: New Rules and What You Need To Know Now
“NFTs and Taxes: New Rules and WhatYou Need to Know Now” To get my complete, FREE articlewith all the details… In this issue of the Tax Reduction Letter, I’ll be talking about NFTs - “non-fungible-tokens.” So let’s start with a definition. What is an NFT? NFTs represent ownership of virtual or physical assets which can be bought or sold on online … [Read more...]
Your Guide to Bad Debt-Loss Deductions
“Your Guide to Bad Debt-LossDeductions” To get my complete, FREE articlewith all the details… In this issue of the Tax Reduction Letter, I’m going to bring you up to date on a situation I hope you never have to face... Taking a bad debt loss. Here’s the story in a nutshell: KEY FACT: There’s an important distinction that THE IRS makes between business and … [Read more...]
Avoid Penalties on Early Withdrawals from Retirement Accounts
Avoid Penalties onEarly Withdrawalsfrom Retirement Accounts To get my complete, FREE articlewith all the details… Do you have money locked up in a retirement account that you’d love to get your hands on? Well, unfortunately, If you’re under age 59 1/2, you typically have to pay a 10% penalty tax on early withdrawals from your accounts. And this penalty tax is in … [Read more...]
SECURE 2.0 Adds New Escapes from the 10% Early Withdrawal Penalty
“SECURE 2.0 Adds New Escapesfrom the 10% Early Withdrawal Penalty” To get my complete, FREE articlewith all the details… The IRS can issue some confusing rulings, but the law is crystal clear on this point . . . If you withdraw your money from an IRA or other retirement account before you reach age 59 ½ , you’ll have to pay a hefty 10% penalty. Ouch! And this … [Read more...]